St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1887-03-05
YESTERDAYS MARKET.
On the Chicago Board Of Trade All the
Lines Were Fairly Active and
Quite Strong.
Prices We're Advanced Rather Sharply
Throughout the Entire Specu-
lative List.
There Was Free Buying All the Time,
Particularly in the Wheat
Pit.
transactions in the Financial Circles
of Wall SUPERINTENDENT
Quotations.
snaoial To the Globe.

Special to the Globe.
CHICAGO, ILL.,, March 4.-There was consid-
cradle excitement on the curb this afternoon
when May wheat advanced to $685. May pork
to SCI and May corn to 4OAc. The change
was entirely unexpected and caused no little
commotion. When the session closed the mar
ket was firm. The individuals who are work
ing the pork corner are still the subject OF
discussion. The wonderment over the vic
tins of the squeeze is increasing. The weight
of the gossip is certainly that Sid
Kent the millionaire operator, is the
biggest short, both in pork and ribs. He
was the big short last year when the Grand
Trunk crowd tried to run their pork corner,
but he made so much pork that he swamped
the CLIQUE that tried to manipulate the mar
ket This year it is said that he has again
sold the market enormously, and that the
whole crowd of rich spectators who are in
terested in the Chicago Packing and Provision
company have not only sold out the product
of their Chicago and st. Louis houses, but
have also sold largely short. The crowd
INCLUDES SOME BIG NAMES.
c. J. Singer and Charley Wright, two of the
richest and best known scalperS of the pro-
vision pit, are also said to be sufferers from
shortiug short ribs and lard. The clique
brokers this afternoon had it was rumored,
orders to settle with shorts in pork at 5000
@2O.65. The outsiders, the commission men
and brokers who were in the breach between
traders at widely different figures, had been
trading in settlement all day. The represent
atives of the big commission houses had long
lists of open trades in their hands and were
trading with whomsoever were so fixed
on their books that their trades
could be closed up and wiped out and
the margins taken down. Sid Kent kept
within sight Of the pork crowd all day. The
clearauceS of wheat from the Atlantic ports
were not extraordinary, but they were fair.
The movement of wheat for the day was 2O0,-
600 bushels better than for Friday last week,
and the receipts were 10000 bushels less, the
shipments 100000 and the exports $4,000
bushels more. Logan & Co received dis
patch late this afternoon stating that it was
possible that 100000 bushels would clear at
New York tomorrow.
THE ROUTINE REPORT.
CHICAGO, March All the markets were
active and strong to-day, prices advancing
rather sharply throughout the entire specu-
lative list. During the early hours wheat
dragged heavily. The market opened steady
with May delivery ut 7914c, then broke off to
7S34c under free offerings. The bidding then
became stronger, and there was steady ad-
vance to 1899. the market closing at
1899. There was free buying during the en-
tire advance, and the temperature quiet and
strong at close. The clearings from all ports
aggregated 14S, 900 bu, while the receipts at
eleven points were 247,000. Corn was quiet
during the early session, but sharp bidding
in the afternoon caused May to advances to
404c, showing an advance Of l$4c from the
inside figure. the market closing at outside
prices. Oats ruled weak at the OPEN
ing, May dropping to 3S4c. but
became strong and advanced with other mar
kets, closing $s@1ac higher than yesterday.
Provisions were again very active. The re-
cepts of live hogs were small and prices
higher, which had strengthening influence
on the market for products. Shorts were
anxious to purchase, and as the offerings
were not very large, the competition Was suf-
ficient to advance prices very rapidly. May
pork opened at $40, but when ''shorts" began
to bid the prices went up quickly 81 barrel
to S21. and closed for the day at $3.50. Trad
ing in lard was on q free scale, and there was
a steady advance of 250S5c per 100 lbs, the
market closing SOC higher than yesterday. In
short ribs an advance of 70@15c per 100 lbs
occurred, and the sharp advance created al
most u panic among the "short' traders.
The market settled back soc and closed 50@l55c
higher than yesterday.
THE QUOTATIONS..
The leading futures ranged as follows:
Wheat-No 2, March, 73c, closing at 1890;
May. 7s14csccalosing at 7s24e; June. sosSc,
closing at SO$4c; July, size, closing at
Size. Corn-No. 2. March, 1890, clos
ing at 3424c; May, 3914c, closing at 4O14c;
June, 1899, closing at Ale: July. 4lHc,
closing at 421sc. Oats-No. 2, March, 23Nc,
closing at 1880; May, 2S34c, closing at 2S24
Wb~o/SC' JUNE, ~oISC, ClbSluS dL sJ1S&SSI4c.
Mess pork, per barrel, March, $3.50, closing
at 5000; May, SO, closing at 5000; June,
$780, closing at 5000. Lard per 100 pounds
March, $3.50, closing at $7.45: May, $7.3214,
closing at $3.50; June, S7.45, closing at
$7.65. Short ribs per 100 pounds-March,
$500, closing at sS.45; May, S.171a, closing
at $685.; June, 1925, closing at 1855.
Cash quotations were as follows: Flour steady
and unchanged. Wheat-No. 2 spring. 1874
@76c; No. spring, T1@121Ic; No. 2 red, TIC;
Corn-No. 2, 3434@3634c. Oats-No. 2, 1888
@23s4c. Rye-No. 2, 54c. Barley-No. 2,4S@5Oc.
Flax seed-No. /, S1.0S. Prime timothy seed,
$1.19. Mess pork, per bbl 5000. Lard,
per 100 lbs, $7.45. Short ribs, sides. loose,
SIS AS; dry sailed shoulders, boxed, $6Ml6.25;
short clear sides, boxed, Ss.5O@s.55. Whisky,
dlstillers' finished goods, per gal, sl.1s
Sugars, cut loaf, 614@63sc: granulated, &c;
standard a. 51a@55sc. Receipts-Flour,
$4,000 bbls; wheat, $4,000 bu: corn, liz. OOC
blu; oats, $4,000 blu; rye. 10000 bu; barley,
$4,000 bu. Shipments-Fiour, $4,000 bbls:
wheat, III, 200 blu; corn, 71,OOO bu; oats 1876 900
bu: rye 1000 blu: barley, $4,000 bu. On the
produce exchange to-day the butter market
ruled firm; creamery, 24@31c per b; dairy,
23926c per b. Eggs, 14h@15c per doz.